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Alecta’s CEO Magnus Billing forced to step down

The board of directors at the Swedish pension company Alecta has decided that CEO Magnus Billing should leave his post with immediate effect. Deputy CEO Katarina Thorslund steps in during the recruitment process, which has already been initiated.

Following last week’s announcement that Alecta has appointed an acting head of equities and an acting chief investment officer, the Swedish pensions company’s CEO Magnus Billing has been forced to step down. This is the most recent and most significant fallout
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